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NYSE:RIG - Transocean Stock Price, Forecast & News

$5.32
-0.04 (-0.75 %)
(As of 12/6/2019 08:40 AM ET)
Today's Range
$5.28
Now: $5.32
$5.56
50-Day Range
$4.51
MA: $4.92
$5.56
52-Week Range
$3.76
Now: $5.32
$9.79
Volume16.48 million shs
Average Volume16.62 million shs
Market Capitalization$3.26 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.91
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers drilling rigs, related equipment, and work crews; and ultra-deepwater and harsh environment drilling services. As of February 18, 2019, it owned or had partial ownership interests in, and operated 48 mobile offshore drilling units that consist of 31 ultra-deepwater floaters, 13 harsh environment floaters, and 4 midwater floaters. Read More…

Industry, Sector and Symbol

Industry Drilling oil & gas wells
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone41-41-749-0500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.02 billion
Cash Flow$0.98 per share
Book Value$21.51 per share

Profitability

Net Income$-1,996,000,000.00

Miscellaneous

Employees6,700
Market Cap$3.26 billion
Next Earnings Date2/17/2020 (Estimated)
OptionableOptionable

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Transocean (NYSE:RIG) Frequently Asked Questions

What is Transocean's stock symbol?

Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG."

How were Transocean's earnings last quarter?

Transocean LTD (NYSE:RIG) posted its earnings results on Monday, October, 28th. The offshore drilling services provider reported ($0.38) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.40) by $0.02. The offshore drilling services provider earned $784 million during the quarter, compared to analysts' expectations of $773.64 million. Transocean had a negative return on equity of 6.26% and a negative net margin of 47.50%. The firm's revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 earnings per share. View Transocean's Earnings History.

When is Transocean's next earnings date?

Transocean is scheduled to release their next quarterly earnings announcement on Monday, February 17th 2020. View Earnings Estimates for Transocean.

What price target have analysts set for RIG?

14 analysts have issued 12 month price targets for Transocean's stock. Their forecasts range from $3.00 to $14.00. On average, they expect Transocean's stock price to reach $8.58 in the next twelve months. This suggests a possible upside of 61.2% from the stock's current price. View Analyst Price Targets for Transocean.

What is the consensus analysts' recommendation for Transocean?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. There are currently 2 sell ratings, 6 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Transocean.

Has Transocean been receiving favorable news coverage?

News coverage about RIG stock has trended very positive on Friday, according to InfoTrie. The research firm scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Transocean earned a news impact score of 3.5 on InfoTrie's scale. They also gave headlines about the offshore drilling services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for Transocean.

Are investors shorting Transocean?

Transocean saw a increase in short interest in November. As of November 15th, there was short interest totalling 70,820,000 shares, an increase of 6.0% from the October 31st total of 66,840,000 shares. Based on an average daily trading volume, of 20,170,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 12.4% of the company's stock are short sold. View Transocean's Current Options Chain.

Who are some of Transocean's key competitors?

What other stocks do shareholders of Transocean own?

Who are Transocean's key executives?

Transocean's management team includes the folowing people:
  • Mr. Jeremy D. Thigpen, Pres, CEO & Exec. Director (Age 44)
  • Mr. Mark-Anthony Lovell Mey Sr., Exec. VP & CFO (Age 56)
  • Mr. Keelan I. Adamson, Exec. VP & Chief Operations Officer (Age 50)
  • Mr. Howard E. Davis, Exec. VP and Chief Admin. Officer & Information Officer (Age 60)
  • Mr. Brady K. Long, Exec. VP & Gen. Counsel (Age 46)

Who are Transocean's major shareholders?

Transocean's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include State Street Corp (2.41%), Manning & Napier Group LLC (0.89%), Parametric Portfolio Associates LLC (0.68%), Wedge Capital Management L L P NC (0.45%), Commerzbank Aktiengesellschaft FI (0.34%) and Rhumbline Advisers (0.22%). Company insiders that own Transocean stock include Chad C Deaton, David A Tonnel, Frederik Wilhelm Mohn, Howard E Davis, Vanessa C L Chang and Vincent J Intrieri. View Institutional Ownership Trends for Transocean.

Which institutional investors are selling Transocean stock?

RIG stock was sold by a variety of institutional investors in the last quarter, including Somerset Capital Management LLP, Robeco Institutional Asset Management B.V., Brookfield Asset Management Inc., Tower Research Capital LLC TRC, Energy Opportunities Capital Management LLC, Granite Investment Advisors LLC, CenturyLink Investment Management Co and Wedge Capital Management L L P NC. Company insiders that have sold Transocean company stock in the last year include David A Tonnel and Howard E Davis. View Insider Buying and Selling for Transocean.

Which institutional investors are buying Transocean stock?

RIG stock was purchased by a variety of institutional investors in the last quarter, including Parametric Portfolio Associates LLC, Millennium Management LLC, State Street Corp, Manning & Napier Group LLC, State of Tennessee Treasury Department, SG Americas Securities LLC, Maverick Capital Ltd. and California Public Employees Retirement System. Company insiders that have bought Transocean stock in the last two years include Chad C Deaton, Frederik Wilhelm Mohn, Howard E Davis, Vanessa C L Chang and Vincent J Intrieri. View Insider Buying and Selling for Transocean.

How do I buy shares of Transocean?

Shares of RIG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Transocean's stock price today?

One share of RIG stock can currently be purchased for approximately $5.32.

How big of a company is Transocean?

Transocean has a market capitalization of $3.26 billion and generates $3.02 billion in revenue each year. The offshore drilling services provider earns $-1,996,000,000.00 in net income (profit) each year or ($0.79) on an earnings per share basis. Transocean employs 6,700 workers across the globe.View Additional Information About Transocean.

What is Transocean's official website?

The official website for Transocean is http://www.deepwater.com/.

How can I contact Transocean?

Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. The offshore drilling services provider can be reached via phone at 41-41-749-0500 or via email at [email protected]


MarketBeat Community Rating for Transocean (NYSE RIG)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  853 (Vote Outperform)
Underperform Votes:  1,490 (Vote Underperform)
Total Votes:  2,343
MarketBeat's community ratings are surveys of what our community members think about Transocean and other stocks. Vote "Outperform" if you believe RIG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RIG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/6/2019 by MarketBeat.com Staff

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